BD80 Hsbc Bk.24

RNS Number:6904X
Bellsouth Corp
25 June 2002



News Release



For Immediate Release

June 24, 2002


For More Information Contact:
Jeff Battcher
BellSouth Media Relations
404-713-0274


BellSouth Announces Plans to Redeem $370 Million in Outstanding Debt

June 24, 2002, ATLANTA - BellSouth Telecommunications, Inc, a subsidiary of
BellSouth Corporation (NYSE: BLS), announced today that it will redeem two of
its outstanding debt issuances.

Forty Year 7.875% Debentures, due August 1, 2032, totaling $300 million

The company will redeem all of its outstanding forty year 7.875% debentures, due
August 1, 2032, on August 1, 2002. The redemption price will be 104.29% of the
principal amount, plus accrued interest to the redemption date. Payment of
accrued interest will be mailed on or about the redemption date. Payment of the
redemption price will be made upon presentation and surrender of the unsigned
debentures to the Bank of New York, the paying agent, as follows:


•        If by hand or overnight delivery to:

           The Bank of New York
           111 Sanders Creek Parkway
           East Syracuse, NY 13057
           (800) 254-2826

•       If by mail to:

           The Bank of New York
           P. O. Box 396
           East Syracuse, NY 13057
           (800) 254-2826

Forty Year 4.375% Debentures, due August 1, 2003, totaling $70 million

The company also will redeem all of its outstanding forty year 4.375%
debentures, due August 1, 2003, on August 1, 2002. These debentures were
originally issued by Southern Bell Telephone and Telegraph Company, which has
since been merged into BellSouth Telecommunications. The redemption price will
be 100.00% of the principal amount, plus accrued interest to the redemption
date. Payment of accrued interest will be mailed on or about the redemption
date. Payment of the redemption price will be made upon presentation and
surrender of the unsigned debentures to the Bank of New York, the paying agent,
as follows:

•       If by hand or overnight delivery to:

           The Bank of New York
           1301 Finnin Street, Suite 2215
           Houston, Texas  77002
           (800) 254-2826

•       If by mail to:

           The Bank of New York
           P. O. Box 3856
           Houston, Texas  77253
           (800) 254-2826

In both cases, interest on the debentures will cease to accrue on and after the
redemption date.

About BellSouth Corporation

BellSouth Corporation is a Fortune 100 communications services company
headquartered in Atlanta, GA, serving almost 45 million customers in the United
States and 14 other countries.

Consistently recognized for customer satisfaction, BellSouth provides a full
array of broadband data and e-commerce solutions to business customers,
including Web hosting and other Internet services. In the residential market,
BellSouth offers DSL high-speed Internet access, advanced voice features and
other services.  BellSouth also provides online and directory advertising
services, including BellSouth(R) Real PagesSM.com.

BellSouth owns 40 percent of Cingular Wireless, the nation's second largest
wireless company, which provides innovative wireless data and voice services.

                                      ###



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